* Corresponding author. Tel: +2348035523818
E-mail address: remiokeke@gmail.com (R. C. Okeke)
© 2016 Growing Science Ltd. All rights reserved.
doi: 10.5267/j.ac.2015.12.008
Accounting 2 (2016) 1–10
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Accounting
homepage: www.GrowingScience.com/ac/ac.html
Human capital accounting: A literature review
Remi Chukwudi Okeke
*
Department of Public Administration and Local Government, University of Nigeria, Nsukka, Nigeria
C H R O N I C L E A B S T R A C T
Article history:
Received June 5, 2015
Received in revised format
August 16 2015
Accepted December 21 2015
Available online
December 24 2015
This study interrogates the meaning and conceptual nuances of human capital accounting and
additionally highlights its empirical dimensions. A critical aspect of the concerns of the study
borders on the validity of an interdisciplinary interpretation of the trajectories of human capital
accounting. The methodology of the study is purposively the literature review. The study has
attempted to underscore the essential aspects of the critical developments in the subject matter
of human capital accounting. It has also tried to draw attention to the shortcomings of earlier
studies, while showing the strengths of the influential types of such previous researches.
Finally, the interdisciplinary thesis of the problem of the study was upheld, as having a large
measure of validity. The empirical import of the concept of human capital accounting however,
remains contentions. Consequently, continuous interdisciplinary research-engagement is
recommended as an outcome of the study.
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Keywords:
Human Capital
Human Resource
Accounting
Literature Review
1. Introduction
What is human capital accounting? In the context of research and scholarship, does human capital
accounting possibly belong to the social sciences or wholly to the field of accountancy and allied
professions? In empirical terms, what does human capital accounting truly represent or embed? Is
human capital accounting a tool of public administration or business administration? Is it an
interdisciplinary area of theoretical and empirical engagement? Is human capital accounting
researchable in public administration, specifically in the area of human resource management? Indeed,
these are the research questions that motivated this study. Consequently, the methodology of the study
is a literature review. In the process of examining the extant literature, answers to the aforementioned
questions shall begin to unfold. This study is therefore considered significant because, there are still
universally, grey areas to be sorted out on the subject matter of human capital accounting. It is intended
that the results of the study will enkindle interest in further research on the subject matter of human
capital accounting. Moreover, the primary purpose of a literature review is to display and underscore
the state of affairs on a certain topic. Incidental to the presentation of such state of affairs, subsequent